Market Data
ProShares UltraPro S&P 500 (UPRO) is a trading--leveraged equity exchange-traded fund from ProShares, launched Jun 23, 2009. Its latest SEC N-PORT filing lists 525 positions, with 32.6% of the fund in the ten largest. The fund charges an expense ratio of 0.88% a year and holds $5.2B in assets.
Holdings & Allocation
ProShares UltraPro S&P 500's largest position is IQMM at 21.67% of the fund, and its top 4 holdings add up to 32.6% of 525 positions. By sector, the biggest exposure is Technology at 38.2%.
Distributions
ProShares UltraPro S&P 500 paid $1.13 per share over the last 12 months, a trailing 12-month distribution yield of 0.88% at the current price. It pays quarterly.
| Ex-date | Amount | Type |
|---|---|---|
| Sep 23, 2026 | $0.27 | Regular |
| Jun 24, 2026 | $0.299 | Regular |
| Mar 25, 2026 | $0.222 | Regular |
| Dec 24, 2025 | $0.34 | Regular |
| Sep 24, 2025 | $0.216 | Regular |
| Jun 25, 2025 | $0.229 | Regular |
| Mar 26, 2025 | $0.188 | Regular |
| Dec 23, 2024 | $0.255 | Regular |
Yield counts regular payments only and is computed from paid distributions and the latest close; it is not the SEC 30-day yield. The next ex-date is estimated from the payment schedule.
Behaviour On Record
ProShares UltraPro S&P 500 is currently running 33.9% annualised volatility over the last 21 sessions. Measured against UPRO's own 13 years of daily returns rather than a market-wide average, that is the 46th percentile — close to its own typical level, against a typical reading of 35.6%.
UPRO is trading -6.4% below its running peak. Across 13 full years on file, its median worst-drawdown-in-a-year was -27.6%, and the deepest was -75.8% in 2020. The current pullback is therefore shallower than what this fund gives back in a typical year, which is context worth having before treating it as a dislocation.
Price sits +10.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 41st percentile — close to the gap it normally carries. Over the past year UPRO closed higher on 53% of sessions, and it is currently 3 sessions into a rising streak.
On November specifically: over 13 years of records, UPRO finished the month higher 10 of 13 times, with a median return of +8.3% and an average of +10.1%. Its strongest month historically has been November at +10.1% on average, its weakest March at -3.5%.
Overnight risk is measurable too: UPRO has opened more than 2% away from the prior close in 263 of 3,269 sessions (8.0% of the time), with the largest gaps running +12.8% and -18.4%.
All figures computed from 3,270 daily closes between 2013-11-06 and 2026-11-05, split-adjusted, recomputed daily. Percentiles are against UPRO's own 13-year history, not a peer group or index.
News & sentiment
UPRO fell 16.4% over the month to Nov 6. News tone held between 0 and 82 from Oct 9 to Nov 3, then dropped to 38 on Nov 4.
Technical analysis
On the daily chart UPRO ranks at the 77th percentile for momentum against 1,060 stocks and ETFs, a bullish reading.
Institutional ownership
8 of the 24 tracked managers added to UPRO in their latest 13F and 11 trimmed. Together their positions are worth $31.7M.
Discover more
Over the six months to Nov 6, UPRO returned −4.2%. Of the 15 related ETFs, 10 did better, led by SQQQ at +3.0%.
